RBI circular allowing extension of the period for which companies can defer the provisioning part in the NPL recognition, can lead to some technical bounceback in names like Mahindra & Mahindra Finance and LIC Housing, says Hemang Jani, Equity Strategist & Senior Group VP, MOFSL. Why is the divergence happening now? HDFC Bank is down…Continue Reading

NCP chief Sharad Pawar on Saturday remembered former chairman of the Bajaj Group, Rahul Bajaj, as a philanthropist who was like a “lighthouse” for young entrepreneurs. “I am deeply shocked to learn about the sad demise of Padma Bhushan Shri Rahul Bajaj! The grandson of eminent freedom fighter Jamnalal Bajaj brought transformation in society especially…Continue Reading

Bajaj Auto declines on posting 17% YoY fall in Q3 profit

SynopsisThe company said its revenue from operations rose 1.25 per cent to Rs 9,022 crore from Rs 8,910 crore in the same quarter a year ago.Bajaj Auto’s Ebitda (earnings before interest, taxes, depreciation, and amortization) fell 20 per cent YoY to Rs 1,405 crore during the quarter under review. NEW DELHI: Shares of slipped 1.4…Continue Reading

Cars24 and Bajaj Finance partner to provide financing to used car buyers

This move follows a Series G funding round announced in December 2021 where the firm raised $400 million at a $3.3-billion valuation. Topics Cars24 | Bajaj Finance | Used car market Peerzada Abrar  |  Bengaluru  Last Updated at December 30, 2021 15:43 IST Cars24, a leading e-commerce platform for pre-owned vehicles has collaborated with Bajaj Finance Ltd., to lift…Continue Reading